Trevato Lands $76.8M Construction Loan for Jax Apartment Complex
Trevato Development Group obtained a $76.8 million construction loan to build a mixed-use development in Jacksonville. The four-year, floating-rate loan was provided by Ameris Bank. A JLL Capital Markets team led by Mark West secured the loan.
The development, located at 1944 Beach Blvd. in Jacksonville Beach, will include a 415-unit apartment complex and 1,800 square feet of retail along Beach Boulevard.
The Class A multifamily community will offer a mix of one-, two- and three-bedroom units averaging 989 square feet. Residents will enjoy amenities including multiple courtyards, a pool complex with cabanas and sun shelf, fitness centers, co-working spaces, outdoor summer kitchens, bocce ball courts, hammock islands and a dog park with a washing station.
Construction is underway, with first units delivered in the fourth quarter of 2028 and stabilization anticipated by September 2030.
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National City Investment Group Commences Workforce Housing Build
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Levin Johnston Closes Apartment Sale in One of San Jose’s Strongest Submarkets
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout